S&P projects India’s GDP growth at 7.3 pc this fiscal
New Delhi, Sep 26 (PTI) S&P Global Ratings on Monday projected India’s economic growth at 7.3 per cent in the current fiscal with downside risks and said inflation is likely to remain above RBI’s upper tolerance threshold of 6 per cent till the end of 2022.
In its Economic Outlook for Asia Pacific, S&P said India’s growth next year will get support from domestic demand recovery after the coronavirus pandemic.
“We have retained our India growth outlook at 7.3 per cent for the fiscal year 2022-2023 and 6.5 per cent for the next fiscal year, although we see the risks tilted to the downside,” it said.
